SpaceX tops Wall Street revenue forecast, posts $540 million loss on bitcoin holdings
Elon Musk’s space company posted its first earnings as a public company ahead of a major insider share unlock.
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Summary
- SpaceX reported second-quarter revenue of $7.8 billion, beating Wall Street expectations of $6.9 billion.
- The company narrowed its net loss to $541 million from $1.0 billion a year earlier, while adjusted EBITDA nearly tripled to $3.5 billion on growth in launch, Starlink and AI businesses.
- SpaceX disclosed $1.10 billion in digital assets at the end of the quarter, down from $1.64 billion at the end of 2025.
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Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
Why it matters:
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
